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2008-2009 Ballpark Budget-FINALAustin, TX 5/12/2008 282 Units 768 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 98%98%98%98%98%98%98%98%98%95%95%95%97% 4005 Scheduled Rental Revenue 320,880 320,880 320,880 320,880 320,880 320,880 320,880 320,880 320,880 320,880 320,880 320,880 3,850,560 4030 Gain (Loss) to Lease (1,120)(1,120)(1,120)(1,120)(1,120)(1,120)(1,120)(1,120)(1,120)(1,120)(15,785)(15,785)(42,770) 4045 Short Term Rent Premium 1,950 1,950 1,950 1,950 1,500 1,500 1,500 1,500 1,500 0 0 0 15,300 4050 Vacancy Loss (6,418)(6,418)(6,418)(6,418)(6,418)(6,418)(6,418)(6,418)(6,418)(16,044)(16,044)(16,044)(105,890) 4055 Prior Period Adj-Vacany 0 0 0 0 0 0 0 0 0 0 0 0 0 4056 Prior Period Adj-Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 4060 Lease Commissions 0 0 0 0 0 0 0 0 0 0 0 0 0 4061 Lease Prorate Concessions (19,750)(19,750)(19,750)(19,750)(19,750)(19,750)(19,750)(19,750)(19,750)(19,750)(7,500)(7,500)(212,500) 4062 Other Concess-Scholorship 0 0 0 0 0 0 0 0 0 0 0 0 0 4075 Accelerated Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 4082 Write-offs Rental Income (2,406)(2,406)(2,406)(2,406)(2,406)(2,406)(2,406)(2,406)(2,406)(2,406)(2,406)(2,406)(28,872) 4085 Non-Resident/Emp. Rnt. Disc. Units (5,170)(5,170)(5,170)(5,170)(5,170)(5,170)(5,170)(5,170)(5,170)(5,170)(5,170)(7,170)(64,040) Total Rental Income 287,966 287,966 287,966 287,966 287,516 287,516 287,516 287,516 287,516 276,390 273,975 271,975 3,411,788 Economic Occupancy 90%90%90%90%90%90%90%90%90%86%85%85%89% 4095 Garage/Carport Rent 2,050 2,050 2,050 2,050 2,050 2,050 2,050 2,050 2,050 2,050 2,050 2,050 24,600 4096 Garage/Carport Concession 0 0 0 0 0 0 0 0 0 0 0 0 0 4105 Pet Fees/Rent/Non-Ref Dep.250 250 250 250 250 250 250 250 250 250 250 250 3,000 4115 Storage Rental Income 25 25 25 25 25 25 25 25 25 25 25 25 300 4155 Vending Income 35 35 35 35 35 35 35 35 35 35 35 35 420 4175 Appliction Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4177 Application Fee Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 4185 Cancellation Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4187 Write-Offs Cancellation Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4190 Relet Fees 300 300 300 300 300 300 300 300 300 300 300 300 3,600 4200 NSF Fees 75 75 75 75 75 75 75 75 75 75 75 75 900 4205 Late Fees 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 33,000 4210 Credit Card Fee Income 375 375 375 375 375 375 375 375 375 375 375 375 4,500 4215 Damages 200 200 200 200 200 200 200 200 200 200 200 200 2,400 4216 Write-Offs Damages 0 0 0 0 0 0 0 0 0 0 0 0 0 4217 Administrative Fees 325 325 325 325 325 325 325 325 325 325 325 325 3,900 4220 Forfeited Deposits 0 0 0 0 0 0 0 0 0 0 0 0 0 4255 Common Area Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4260 Lease Violations Income 25 25 25 25 25 25 25 25 25 25 25 25 300 4305 Other Rental Income (Misc. Income)1,925 1,925 1,925 1,925 1,925 1,925 1,925 1,925 1,925 1,925 1,925 1,925 23,100 4309 Write-offs - Other Rental 0 0 0 0 0 0 0 0 0 0 0 0 0 4510 Short-term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Other Income 8,335 8,335 8,335 8,335 8,335 8,335 8,335 8,335 8,335 8,335 8,335 8,335 100,020 Total Income 296,301 296,301 296,301 296,301 295,851 295,851 295,851 295,851 295,851 284,725 282,310 280,310 3,511,808 The Ballpark @ Austin Austin, TX 5/12/2008 282 Units 768 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 98%98%98%98%98%98%98%98%98%95%95%95%97% The Ballpark @ Austin 5023 Salaries - Management 12,270 8,177 8,179 8,177 8,177 8,179 12,270 8,179 8,177 8,177 8,177 8,179 106,319 5025 Hourly Wages - Service 12,523 8,345 8,348 8,345 8,345 8,348 12,523 8,348 8,345 8,345 8,345 8,348 108,506 5030 Hourly Wages - Housekeeping 0 0 0 0 0 0 0 0 0 0 0 0 0 5045 Overtime 0 0 0 0 0 0 0 0 0 0 0 0 0 5046 Overtime - Management 3,250 0 0 0 0 0 0 0 0 0 0 1,000 4,250 5047 Overtime - Service 4,500 0 0 0 0 0 0 0 0 0 0 1,500 6,000 5050 Overtime - Maint/Grounds 0 0 0 0 0 0 0 0 0 0 0 0 0 5055 Overtime - Housekeeping 0 0 0 0 0 0 0 0 0 0 0 0 0 5062 Temporary Employment 1,750 0 0 0 0 0 0 0 0 0 0 3,000 4,750 5080 Payroll Taxes 3,635 2,823 1,983 1,983 1,983 2,223 3,155 2,073 2,043 2,013 1,983 1,983 27,879 5090 Group Insurance 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 21,600 5100 Workers Compensation 3,635 2,823 1,983 1,983 1,983 2,223 3,155 2,073 2,043 2,013 1,983 1,983 27,879 5105 Employer 401k Contributions 0 0 0 0 0 0 0 0 0 0 0 0 0 5114 Uniforms 0 0 200 0 0 200 0 0 200 0 0 200 800 5117 Other Personnel Expense 300 300 300 300 300 300 300 300 300 300 300 300 3,600 5146 Employee Screening Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 5147 Employee Recruiting Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 5149 Help Wanted Newspaper Ad 75 75 75 75 75 75 75 75 75 75 75 75 900 5190 Leasing Commissions 5,500 7,000 0 0 0 2,000 1,500 750 500 250 0 0 17,500 Total Personnel Expense 49,239 31,342 22,868 22,662 22,662 25,348 34,779 23,598 23,482 22,972 22,662 28,368 329,982 5411 Electricity-Clubhouse 5,250 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 4,000 5,250 46,000 5413 Electricity-Vacants 3,000 100 100 100 100 100 100 100 100 300 300 6,500 10,900 5414 Electricity-Reimbursements 0 0 0 0 0 0 0 0 0 0 0 0 0 5436 Water/Sewer-Clubhouse 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 420,000 5442 Water/Sewer-Residents 0 0 0 0 0 0 0 0 0 0 0 0 0 5456 Gas 0 0 0 0 0 0 0 0 0 0 0 0 0 5460 Gas-Clubhouse/Models 200 400 600 800 1,000 800 600 400 200 200 200 200 5,600 5475 Refuse Removal 4,000 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,150 2,500 18,000 5505 Cable 5,900 5,900 5,900 5,900 5,900 5,900 5,900 5,900 5,900 5,900 5,900 5,900 70,800 5514 Resident Telephone 0 0 0 0 0 0 0 0 0 0 0 0 0 5520 Other Fuels Utilities 0 0 0 0 0 0 0 0 0 0 0 0 0 5525 Resident Internet 10,350 10,350 10,350 10,350 10,350 10,350 10,350 10,350 10,350 10,350 10,350 10,350 124,200 Total Utilities 63,700 56,400 56,600 56,800 57,000 56,800 56,600 56,400 56,200 56,400 56,900 65,700 695,500 Austin, TX 5/12/2008 282 Units 768 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 98%98%98%98%98%98%98%98%98%95%95%95%97% The Ballpark @ Austin 5656 Telephone - Basic 600 600 600 600 600 600 600 600 600 600 600 600 7,200 5657 Telephone - Long Distance 150 150 150 150 150 150 150 150 150 150 150 150 1,800 5665 Answering Service/Pagers 165 165 165 165 165 165 165 165 165 165 165 165 1,980 5805 Postage 150 150 150 150 150 150 250 250 250 250 150 150 2,200 5810 Courier/Overnight Delivery 150 150 150 150 150 150 150 150 150 150 150 150 1,800 5820 Computer Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 5825 Computer Equip-Software 25 1,025 25 25 2,025 775 25 25 25 25 25 25 4,050 5838 Bank Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 5839 Employee Evaluations 0 0 0 0 0 0 0 0 0 0 0 0 0 5840 Credit Card Charges 1,400 1,700 1,525 950 950 2,100 1,550 1,075 875 950 1,650 1,200 15,925 5842 Office Supplies 250 250 250 250 250 250 250 250 250 250 250 250 3,000 5843 Office Decorations 0 0 45 45 45 0 45 45 0 45 45 0 315 5844 Safety Equipment 50 50 50 50 50 50 50 50 1,075 50 50 50 1,625 5845 Fire Alarm Inspection/Equipment 0 0 0 0 0 0 0 0 6,000 0 0 0 6,000 5846 Printing and Stationary 50 50 50 50 50 50 50 50 50 50 900 50 1,450 5847 Copier/Fax Expense 350 350 350 350 350 350 350 350 350 350 350 350 4,200 5852 Licenses/Permits/Fees 0 0 150 0 0 500 0 0 0 500 0 0 1,150 5865 Security/Alarm Expense 50 0 0 50 0 0 50 0 0 50 0 0 200 5887 Employee Training/Education 0 0 0 200 0 0 0 200 0 0 0 200 600 5890 Other Administrative Expense 5,400 500 500 500 500 500 500 500 500 500 500 500 10,900 Total Administration Expense 8,790 5,140 4,160 3,685 5,435 5,790 4,185 3,860 10,440 4,085 4,985 3,840 64,395 6110 Extermination 340 340 340 340 340 340 340 340 340 340 340 340 4,080 6115 Landscape Contract 3,000 3,000 6,400 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 39,400 6130 Protection Services Contract 1,025 1,025 1,025 1,025 1,025 1,025 1,025 1,025 1,025 1,025 1,025 1,025 12,300 6145 Cleaning 0 0 0 0 0 0 0 0 0 0 0 0 0 6150 Other Contract Services 475 475 475 475 475 475 475 475 475 475 475 475 5,700 Total Contract Services 4,840 4,840 8,240 4,840 4,840 4,840 4,840 4,840 4,840 4,840 4,840 4,840 61,480 6160 Alarm System Repair 115 115 115 115 115 115 115 115 115 115 115 115 1,380 6165 Appliance Repair 300 300 300 300 300 300 300 300 300 300 300 300 3,600 6185 Interior Electrical Repair 75 75 75 75 75 75 75 75 75 75 75 75 900 6190 Interior Light Bulbs 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6195 Interior Paint and Wallpaper 75 75 75 75 75 75 75 75 75 75 75 75 900 6200 Carpet Clean/Repair/Dry 300 300 300 1,800 300 300 300 300 300 300 300 300 5,100 6205 Interior Sheetrock Repair 20 20 20 20 20 20 20 20 20 20 20 20 240 6210 Interior Vinyl and Tile 20 20 20 20 20 20 20 20 20 20 20 20 240 6215 Plumbing Repair 300 300 300 300 300 300 300 300 300 300 300 300 3,600 6235 Janitorial Supplies 175 175 175 175 175 175 450 175 175 175 175 550 2,750 6240 Window Coverging Repair 0 0 0 0 0 0 0 0 0 0 0 0 0 6245 Recreation Facility Repair 100 4,600 800 4,600 10,000 1,100 100 100 100 100 100 100 21,800 6250 Locks and Keys 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6265 Other Interior Repairs and Maintenance 200 200 200 200 200 200 200 200 200 200 200 200 2,400 Total Interior Maintenance 1,880 6,380 2,580 7,880 11,780 2,880 2,155 1,880 1,880 1,880 1,880 2,255 45,310 Austin, TX 5/12/2008 282 Units 768 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 98%98%98%98%98%98%98%98%98%95%95%95%97% The Ballpark @ Austin 6275 Pool & Spa Supplies and Repair 325 3,825 325 325 325 40,325 325 325 325 325 325 325 47,400 6280 Golf Cart Repair 40 40 40 40 40 40 40 40 40 40 40 40 480 6285 HVAC Repair and Maintenance 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 15,000 6290 Landscaping Supplies 35 35 35 35 35 35 35 35 35 35 35 35 420 6310 Roof Repairs 0 750 0 0 750 0 0 750 0 0 750 0 3,000 6315 Windows and Screens 175 175 175 175 175 175 175 175 175 175 175 175 2,100 6320 Exterior Paint 50 50 50 50 50 50 50 50 50 50 130,000 50 130,550 6325 Exterior Electrical 50 50 50 50 50 50 50 50 50 50 50 50 600 6330 Exterior Light Bulbs 175 175 475 175 1,175 175 475 175 175 175 475 175 4,000 6335 Exterior Repairs 200 200 200 200 200 200 200 200 200 200 200 200 2,400 6345 Access Gate Repair 125 2,150 125 125 400 125 125 125 400 125 125 125 4,075 6350 Walks and Parking Lots 25 25 25 25 25 25 25 25 25 25 25 25 300 6360 Tools and Equipment 75 75 75 75 75 75 75 75 75 75 75 75 900 6365 Fence Repair 25 25 25 25 25 25 25 25 25 25 25 25 300 Total Exterior Maintenance 2,550 8,825 2,850 2,550 4,575 42,550 2,850 3,300 2,825 2,550 133,550 2,550 211,525 Total Repairs and Maintenance 4,430 15,205 5,430 10,430 16,355 45,430 5,005 5,180 4,705 4,430 135,430 4,805 256,835 6380 Make Ready - Interior Repairs 2,000 1,000 0 0 250 0 0 0 0 1,000 0 2,500 6,750 6385 Make Ready - Int. Rep. - Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 6390 Make Ready - Carpet Cleaning 24,000 0 0 0 250 0 0 0 0 1,250 0 0 25,500 6395 Make Ready - Carpet Cleaning - Reimb.0 0 0 0 0 0 0 0 0 0 0 0 0 6400 Make Ready - Carpet Replacement 15,000 7,000 0 0 0 0 0 0 0 1,500 0 0 23,500 6405 General Cleaning 17,500 17,500 0 0 250 0 0 0 0 1,250 0 0 36,500 6410 Make Ready - Gen. Clean. - Reimb.0 0 0 0 0 0 0 0 0 0 0 0 0 6415 Make Ready - Interior Paint Repair 36,000 16,000 0 0 750 0 0 0 0 2,000 0 0 54,750 6420 Make Ready - Interior Paint - Reimb.0 0 0 0 0 0 0 0 0 0 0 0 0 6425 Appliance Repair 3,500 0 500 0 500 0 500 0 500 0 500 0 6,000 6430 Lock/Keys 2,400 0 0 0 0 0 0 0 0 0 0 500 2,900 6435 Interior Light Bulbs 250 0 0 0 0 0 0 0 0 0 0 250 500 6440 Window Covering Repair 1,250 0 0 0 0 0 0 0 0 0 0 250 1,500 6445 Tenant Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 6450 Write-offs/Tenant Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 6455 Make Ready - Miscellaneous Exp.2,000 0 0 0 0 0 0 0 0 300 0 300 2,600 6580 Light Fixtures 500 0 0 0 0 0 0 0 0 0 0 150 650 6585 Furniture 25,000 0 0 0 0 0 0 0 0 25,000 0 0 50,000 Total Turnover Expense 129,400 41,500 500 0 2,000 0 500 0 500 32,300 500 3,950 211,150 6645 Locator Fees 18,000 15,000 300 300 300 300 300 300 300 300 300 300 36,000 6650 Locator Relations 0 0 0 0 0 0 0 0 0 0 0 0 0 6655 Resident Relations 0 0 0 0 0 0 0 0 0 0 0 0 0 6656 Resident Functions 1,000 1,250 600 600 700 700 700 700 600 600 300 300 8,050 6658 Campus Events 0 0 0 0 0 500 0 0 0 0 0 0 500 6670 Newspapers 0 0 0 0 0 750 750 750 0 0 0 0 2,250 6675 Magazines 0 0 0 0 500 500 500 500 0 0 0 0 2,000 6685 Brochure Advertising 0 0 3,000 0 0 0 0 0 0 0 0 3,000 6690 Direct Mail 0 0 0 0 0 2,500 0 2,500 0 0 0 0 5,000 6695 Apartment Guides 0 0 0 0 0 0 0 0 0 0 0 0 0 6700 Signage/Sign Placement 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6715 Internet Advertising 900 1,150 900 900 1,150 900 900 1,150 900 900 1,150 900 11,800 6720 Model Apartment Expense 50 50 50 50 50 50 50 50 50 50 50 50 600 6725 Flags/Banners/Mats 125 125 825 125 125 125 125 125 125 125 1,375 125 3,450 6730 Office Refreshments 0 0 0 0 0 0 0 0 0 0 0 0 0 6735 Other Advertising & Marketing 0 0 200 0 0 200 0 0 200 0 0 200 800 6740 Radio 0 0 0 0 0 2,000 2,000 2,000 1,250 1,250 0 0 8,500 Total Advertising & Promotions 20,175 17,675 5,975 2,075 2,925 8,625 5,425 8,175 3,525 3,325 3,275 1,975 83,150 Austin, TX 5/12/2008 282 Units 768 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 98%98%98%98%98%98%98%98%98%95%95%95%97% The Ballpark @ Austin 6910 Legal Fees 250 250 250 250 250 250 250 250 250 250 250 250 3,000 Total Legal Fees 250 250 250 250 250 250 250 250 250 250 250 250 3,000 6915 Accounting Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 6925 Audit Fees 0 0 0 0 10,500 0 0 0 0 0 0 0 10,500 6935 Other Professional Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Professional Fees 0 0 0 0 10,500 0 0 0 0 0 0 0 10,500 0 7205 Travel 0 0 0 0 0 0 0 0 0 0 0 0 0 7210 Airfare 0 0 0 0 0 0 0 0 0 0 0 0 0 7215 Auto Rental/Gas 0 0 0 0 0 0 0 0 0 0 0 0 0 7220 Lodging 0 0 0 0 0 0 0 0 0 0 0 0 0 7225 Meals 0 0 0 0 0 0 0 0 0 0 0 0 0 7240 Parking, Tolls and Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Travel and Entertainment 0 0 0 0 0 0 0 0 0 0 0 0 0 7415 Asset Management Fees 2,627 2,627 2,627 2,627 2,627 2,627 2,627 2,627 2,627 2,627 2,627 2,627 31,524 7420 Property Mgmt Fee 11,852 11,852 11,852 11,852 11,834 11,834 11,834 11,834 11,834 11,389 11,292 11,212 140,472 Total Management Fee 14,479 14,479 14,479 14,479 14,461 14,461 14,461 14,461 14,461 14,016 13,919 13,839 171,996 7510 Property Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 7525 Property Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Insurance and Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 7775 Basic Program Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 7960 Employee Relations/Membership 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Dues and Membership Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Operating Income 296,301 296,301 296,301 296,301 295,851 295,851 295,851 295,851 295,851 284,725 282,310 280,310 3,511,808 Total Operating Expenses 295,303 186,831 118,502 115,221 136,428 161,544 126,045 116,764 118,403 142,618 242,761 127,568 1,887,989 Net Operating Income 999 109,470 177,799 181,080 159,423 134,307 169,807 179,087 177,448 142,107 39,549 152,742 1,623,819 9410 Interest Expense-Fixed 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 Austin, TX 5/12/2008 282 Units 768 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 98%98%98%98%98%98%98%98%98%95%95%95%97% The Ballpark @ Austin 9510 Exterior Paint 0 0 0 0 0 0 0 0 0 0 0 0 0 9515 HVAC 0 0 0 0 0 0 0 0 0 0 0 0 0 9520 Landscape 0 0 0 0 0 0 0 0 0 0 0 0 0 9530 Signage 0 0 0 0 0 0 0 0 0 0 0 0 0 9555 Carpet 0 0 0 0 0 0 0 0 0 0 0 0 0 9570 Countertops 0 0 0 0 0 0 0 0 0 0 0 0 0 9575 Doors 0 0 0 0 0 0 0 0 0 0 0 0 0 9580 Light Fixtures 0 0 0 0 0 0 0 0 0 0 0 0 0 9590 Blinds 0 0 0 0 0 0 0 0 0 0 0 0 0 9600 Plumbing 0 0 0 0 0 0 0 0 0 0 0 0 0 9605 Recreations Facilities 0 0 0 0 0 0 0 0 0 0 0 0 0 9610 Security System 0 0 0 0 0 0 0 0 0 0 0 0 0 9620 Vinyl 0 0 0 0 0 0 0 0 0 0 0 0 0 9630 Ceiling Fans 0 0 0 0 0 0 0 0 0 0 0 0 0 9635 Appliances 0 0 0 0 0 0 0 0 0 0 0 0 0 9645 Reimbursements 0 0 0 0 0 0 0 0 0 0 0 0 0 9650 Replacements - Other 0 0 0 0 0 0 0 0 0 0 0 0 0 9655 Furniture 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Replacements 0 0 0 0 0 0 0 0 0 0 0 0 0 9827 Start-up Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 Start-up Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 9860 Basic Program Administator Fee 0 0 0 0 0 0 0 0 0 0 0 0 0 9900 Tax Return Prep Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 9906 Service Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 9915 Trustee and Issuer ees 417 417 417 417 417 417 417 417 417 417 417 417 5,004 Total Other Expense 417 417 417 417 417 417 417 417 417 417 417 417 5,004 Insurance Reserves 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 98,700 Total Suspense 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 8,225 98,700 Total Non-operating Expenses 8,642 8,642 8,642 8,642 8,642 8,642 8,642 8,642 8,642 8,642 8,642 8,642 103,704 CASH FLOW (7,643)100,828 169,157 172,438 150,781 125,665 161,165 170,445 168,806 133,465 30,907 144,100 1,520,115